# PPP loan: VELOCITY NETWORK, INC.
> **$781K** approved 04/06/2020 · Paid in Full · Loan `5993637002`
## Borrower
- **Name:** VELOCITY NETWORK, INC.
- **Address:** 121 West 10TH ST, ERIE, PA, 16501-1409
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $781K
- **Initial approval:** $781K
- **Forgiven:** $787K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $624K
- **Mortgage interest:** $57K
- **Utilities:** $100K
- **Jobs reported:** 71
## Lender
- **Originating:** CNB Bank
- **Servicing:** CNB Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*